Tuesday, July 12, 2011

These stocks, Emergent BioSolutions, Inc, Enerplus Corporation, Carter's, Inc, The Mexico Fund, Inc, and Senior Housing Properties Trust, have been showing ascending triangle patterns on July 12. This pattern is a bullish formation that usually forms at the time of a upswing as a continuation pattern. Key characteristics that investors can look out for are trend patterns, duration and volume. In order for the pattern to be a continuation, an established pattern should exist. Since the pattern is bullish, the length and duration do not matter. What is important is the robustness of the formation. As mentioned, duration is not that important, but the average pattern lasts 1 to 2 month. As the pattern develops volume contracts and once the stock hits a break point, volume usually expands. The expansion confirms the breakout. This stock has been on a upswing, thus allowing investors to identify a resistance point. Investors may wan to consider going bearish on a breakpoint above the resistance point.

Shares of Emergent BioSolutions, Inc (EBS) traded higher by 1.90% or $0.40/share to $21.47. In the past year, the shares have traded as low as $14.86 and as high as $26.41. On average, 245990 shares of EBS exchange hands on a given day and today's volume is recorded at 94659.

Shares of Enerplus Corporation (ERF) traded higher by 1.16% or $0.36/share to $31.01. In the past year, the shares have traded as low as $19.96 and as high as $32.28. On average, 812140 shares of ERF exchange hands on a given day and today's volume is recorded at 618880.

Shares of Carter's, Inc (CRI) traded higher by 1.07% or $0.33/share to $31.1. In the past year, the shares have traded as low as $22.19 and as high as $32.88. On average, 726140 shares of CRI exchange hands on a given day and today's volume is recorded at 408317.

Shares of The Mexico Fund, Inc (MXF) fell by 0.26% or $-0.07/share to $26.9. In the past year, the shares have traded as low as $20.09 and as high as $28.18. On average, 23120 shares of MXF exchange hands on a given day and today's volume is recorded at 14745.

Shares of Senior Housing Properties Trust (SNH) traded higher by 2.38% or $0.56/share to $23.88. In the past year, the shares have traded as low as $19.32 and as high as $24.12. On average, 1444660 shares of SNH exchange hands on a given day and today's volume is recorded at 956375.

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